Brazil soybean potential is badly damaged by severe summer drought, but prospects in corn are brightening from an unlikely source, Mato Grosso. The top soybean producer is turning into a major corn state, growing the feed grain as a winter crop.
Soybean Harvest Pace Quickens, Production Estimates Declining
The Brazil soybean harvest is racing ahead as 60% of the crop was in the bin by March 20. That compares with 50% last year on the same date, and 45% on average. The harvest has accelerated due to premature ripening in Rio Grande do Sul, where drought has grown severe. This is Brazil's 3rd leading soybean state... subscribers continue to full story...